Thursday, September 19, 2013
Market Street will remain a specialty grocery store despite recent acquisition
A location in Flower Mound is expected to open by mid-December.
FLOWER MOUND Residents should see no difference when shopping at Market Street, despite the announcement that Albertson’s, LLC, purchased the specialty store’s parent company, The United Family, on September 16.
Eddie Owens, director of communications and public relations for The United Family, said Market Street will remain a specialty grocery store. Upon completion of the transaction, Owens said, United will operate as a separate business unit under Albertson’s LLC’s corporate structure.
Jimmy Stathatos, Flower Mound’s town manager, said the move is similar to when HEB purchased Central Market, which still operates as a specialty store.
Market Street is expected to open its Flower Mound location, at the northeast corner of FM 2499 and FM 1171, in mid-December.
“As our CEO, Robert Taylor, has said our company will continue to operate stores under our four current retail brands: United Supermarkets, Market Street, Amigos and United Express,” Owens said. “Albertson's LLC's decentralized approach for their business units will allow us to continue with our commitment to ultimate guest service and investment in the communities we serve. We will continue to make decisions locally. The opportunities presented to us to invest in our stores and grow with this transaction are tremendous.”
Market Street had long been a desired addition for Flower Mound residents. It had ranked in the top 10 in the 2003, 2007 and 2011 surveys.
In August 2012, the Flower Mound Town Council approved a site plan for a retail center that includes the 55,716-square-foot facility.
Flower Mound’s Market Street is expected to include hot entrees, a custom salad board, fresh sushi, gourmet coffee, a large fruit and meat selection and other groceries.
Taylor will continue to lead the company as president of the United subsidiary, reporting directly to Bob Miller, CEO of Albertson’s LLC.
United operates 50 traditional, specialty and Hispanic grocery stores under its United Supermarkets, Market Street and Amigos banners, and seven convenience stores and 26 fuel centers under its United Express banner. United also operates two divisions, R.C. Taylor Distributing and Praters, and one wholly owned subsidiary, Llano Logistics, which operates the company’s two distribution centers in Lubbock and Roanoke.
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